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China Life Buys Sprawling Portfolio of Small-Market U.S. Real Estate

Deal for 95% stake vales portfolio of 48 properties at $950 million

By

Peter Grant

May 23, 2017 12:01 a.m. ET

China Life Insurance Group is buying a 95% stake in 48 commercial properties scattered throughout the U.S. in deal that values the portfolio at $950 million and highlights the growing appetite among foreign investors for real estate in markets they mostly have ignored until now.